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Question for any appraisers on the board

Posted by subuagain (My Page) on
Fri, Mar 26, 10 at 14:58

My mother has been approached by the electric company to purchase some farm land to build a substation. This is in a fast growing small city in Louisiana. Will the substation affect the value of the surrounding property in a negative way?


Follow-Up Postings:

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RE: Question for any appraisers on the board

As a buyer - that would be a negative to me. I sure would pay less to be next to that.


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RE: Question for any appraisers on the board

"Will the substation affect the value of the surrounding property in a negative way?"

No one likes to live beside a substation.

Some folks do not want to even have one down the street.


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RE: Question for any appraisers on the board

I should have been more clear. I realize this board is for buying and selling a home but remember the great advice I got here years ago when that was my situation. I'm hoping to get advice from a professional although all thoughts are appreciated.

The surrounding farm property will probably go for commercial development instead of residential.


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RE: Question for any appraisers on the board

I'm a real estate broker in Texas, & I'd never advise a client or friend to sell land for such a thing if he/she were going to still own land near it.

The stations are unsightly at best, & there's a lot of controversy about their safety (google something like "electric lines leukemia").

I wish you the best.


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